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ASC disputes "misleading" claims by Alternative Energy

2014-02-28 13:12 ET - News Release

Mr. Mark Dickey reports

ASC ISSUES STATEMENT REGARDING ALTERNATIVE ENERGY PARTNERS, INC.

The Alberta Securities Commission (ASC) is issuing the following statement regarding Alternative Energy Partners Inc. in response to a number of inquiries from investors.

In a Form 8-K filed by Alternative Energy Partners Inc. with the Securities Exchange Commission (SEC) on Feb. 10, 2014, Alternative Energy Partners Inc. made certain statements about the ASC which, in the ASC's view, were materially misleading.

The Form 8-K stated that Alternative Energy Partners Inc.:

  • Contacted the ASC by letter dated Jan. 16, 2014, and that "no response has been received from the Alberta Securities Commission";
  • Will "continue to attempt to remove the 'cease trade order' imposed against it by the Alberta Securities Commission."

To date, the ASC has not been contacted by or received any correspondence from Alternative Energy Partners Inc. concerning the cease trade order imposed by the ASC on Jan. 15, 2014, or for any matter since that date. The ASC has made multiple attempts to communicate with Alternative Energy Partners Inc. regarding the cease trade order based on the contact information provided on the OTCMarkets website and the company's SEC filings. However, the ASC's e-mail message and its courier package were returned undelivered due to invalid addresses, and its telephone message has not been returned.

The cease trade order continues to remain in effect. A copy of the cease trade order is available on the ASC website.

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